The average value of a residential property in Britain has risen by 4.4% to £244,289, which represents £10,329 during 2013 according to Zoopla.

Whilst London continues see increase well above the rest of the country, with average property values rising 10% (£46,398) since this time last year, Scotland is not far behind with a 6.85% increase during 2013. Overall, property prices have risen in ten of the eleven regions across Britain during 2013 with only Yorkshire and The Humber experiencing a marginal fall of 0.37% in average house prices over the past 12 months.

Lawrence Hall of Zoopla.co.uk said, “This year saw a host of new government initiatives that are now helping the property market to gain stability and set the foundations for a sustainable recovery. As a result 2013 has witnessed property price growth across most of the country and particularly at the entry level of the market. With confidence in the market increasing, 2014 could see further price growth as transaction levels pick up, construction continues and more property comes to the market.”

Zoopla’s data shows the largest increase in house prices over the past year has been seen in Newcastle with a 10.05% rise. In other cities and towns in the north of the UK; Barnsley, Glasgow, Dundee, Aberdeen and York have all made it into the top ten by recording property price gains of over 6.5% during 2013.